Despite the significant restructuring efforts already underway at Aleo, the company faces an uphill battle for survival after Bosch – which bought more than 90% of outstanding shares in 2009 – sells its stake.

Bosch has pledged to continue financing Aleo through March 2014, giving the company a year to consolidate its strategy and potentially find another major investor. The Brandenburg-based company today confirmed an operating loss of €77m ($98.3m)